|
Category :
IPO
Headline :
Vruddhi Engineering announces launch of initial public offering
Date:
20/03/2024 07:00
Vruddhi Engineering Works Ltd. has announced public offering of 680000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 476.00 lakhs.
The company's initial public offer (IPO) will open on 21 March 2024 and is expected to close on 26 March 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 66.00-70.00 per share.
The IPO includes a fresh Issue of 680000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Vruddhi Engineering Works Ltd. anticipates using the proceeds of the issue for .
Fedex Securities Private Limited as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
|